HK-HS-S2-ECN

The consumer pays the local USD price in the second column of the table for one Big Mac a la carte in the US.

• TRUE

• FALSE

The consumer pays the local EUR price in the second column of the table for one Big Mac a la carte in any of the 20 member countries in the euro area.

• TRUE

• FALSE

The market exchange rate E for China in the third column is the value of USD/CNY, which

shows the units of Chinese yuan that one US dollar is worth.

• TRUE

• FALSE

The market exchange rate E for Britain in the third column is the value of the US dollar against the British pound.

• TRUE

• FALSE

The market exchange rate E for Euro 20 in the third column is the value of USD/EUR.

• TRUE

• FALSE

The currency ISO-code for the Swiss franc is SWF.

• TRUE

• FALSE

The currency ISO-code for the Chinese yuan is RMB.

• TRUE

• FALSE

Among KRW, BND, INR, and THB, how many are currencies in ASEAN countries?

• 2

• 3

• 4

As CNY is undervalued against USD, it is undervalued against EUR, too.

• TRUE

• FALSE

• AMBIGUOUS

The Taiwanese are averagely richer than the Japanese by the PPP-based ranking in income per person estimated by the IMF.

• TRUE

• FALSE

• AMBIGUOUS